Deutsche Bank’s Global Transaction Banking division has introduced post-trade services for Socits de Bourse Intermdiaire (SBI), the trade confirmation and settlement instruction system for Belgium, France and The Netherlands, operating between brokers and custodians.
The Banks Domestic Custody Services (DCS) business will now offer SBI services to Market Members who have no direct connection to this system, facilitating their access via the Deutsche Bank network.
The new service will be provided via the DCS Amsterdam office.
Rob Scott, Global Head of Securities Clearing & Financing at Deutsche Bank, said, This latest addition to our global clearing product suite demonstrates Deutsche Banks commitment to the securities clearing business. We will continue to expand our services in markets where there is client demand.